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Ferrovial Q3 profit climbs 38.5% YOY

Ferrovial SA said its normalized net income for the third quarter was 12 euro cents per share, an increase of 36.5% from 9 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €85.9 million, an increase of 38.5% from €62.0 million in the year-earlier period.

The normalized profit margin increased to 2.7% from 2.1% in the year-earlier period.

Total revenue grew year over year to €3.13 billion from €3.00 billion, and total operating expenses rose year over year to €2.99 billion from €2.86 billion.

Reported net income grew 63.3% from the prior-year period to €147.0 million, or 20 cents per share, from €90.0 million, or 12 cents per share.